Annual Report 2019

Shareholder Structure and Annual General Meeting

Shareholder Structure

The chart below shows the voting rights pursuant to Sections 33 and 34 of the German Securities Trading Act (WpHG) as notified by the shareholders in relation to the current share capital. It is important to note that the number of voting rights reported could have changed within the respective thresholds without triggering an obligation to notify the company.

Major Shareholders (as of December 31, 2019)

Major Shareholders (as of December 31, 2019) (Piechart)

Based on the German stock exchange’s definition of free float, only the interest held by Norges Bank (Ministry of Finance on behalf of Norway) does not count toward the free float. This means that 93.4% of Vonovia’s shares were in free float on December 31, 2019. The underlying voting rights notifications and corresponding financial instruments reported by shareholders or other instruments pursuant to Sections 38 and 39 WpHG can be found online under:

In line with Vonovia’s long-term strategic focus, the majority of its investors also have a long-term focus. The company’s investors include pension funds, sovereign wealth funds and international asset managers in particular. We determine the shareholder structure once a quarter. As of December 31, 2019, we had identified approx. 95% of the share capital, with 91% attributable to institutional investors and around 4% to private investors. The breakdown of the company’s shareholders by region is as follows as of the cut-off date of October 31, 2019:

Shareholder distribution of Vonovia SE (as of October 31, 2019)

Shareholder distribution of Vonovia SE (as of October 31, 2019) (Piechart)

Annual General Meeting 2019

The Annual General Meeting of Vonovia SE was held in Bochum on May 16, 2019. All of the agenda items were carried by a large majority, including the proposal to distribute a dividend of € 1.44 per share. The shareholders can choose whether they want to receive this in cash or as new shares. 45.75% of shareholders opted for the scrip dividend. This corresponds to a dividend yield of 3.6% in relation to the share’s closing price of € 39.59 on the reporting date of December 28, 2018. The dividend for the 2018 fiscal year was paid out from a contribution account for tax purposes. It was therefore paid out to shareholders without capital gains tax or the solidarity surcharge being deducted.

Since 2018, our investor portal has given our shareholders the option to conveniently attend to all formalities relating to registering for and voting at the Annual General Meeting online. In 2019, the number of people using the investor portal rose by 67% compared with 2018.